Delos Wealth Advisors LLC Raises Holdings in Microsoft Co. (NASDAQ:MSFT)

Delos Wealth Advisors LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 59.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,368 shares of the software giant’s stock after acquiring an additional 2,375 shares during the period. Microsoft makes up approximately 2.7% of Delos Wealth Advisors LLC’s holdings, making the stock its 10th largest holding. Delos Wealth Advisors LLC’s holdings in Microsoft were worth $2,846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Koss Olinger Consulting LLC boosted its holdings in shares of Microsoft by 493.0% in the 1st quarter. Koss Olinger Consulting LLC now owns 23,122 shares of the software giant’s stock worth $9,728,000 after acquiring an additional 19,223 shares in the last quarter. Advisory Services & Investments LLC lifted its holdings in Microsoft by 2.9% during the 1st quarter. Advisory Services & Investments LLC now owns 14,869 shares of the software giant’s stock worth $6,256,000 after buying an additional 422 shares in the last quarter. LVW Advisors LLC boosted its position in Microsoft by 0.4% in the 1st quarter. LVW Advisors LLC now owns 29,192 shares of the software giant’s stock valued at $12,282,000 after buying an additional 109 shares during the last quarter. Chapin Davis Inc. boosted its position in Microsoft by 0.7% in the 1st quarter. Chapin Davis Inc. now owns 40,134 shares of the software giant’s stock valued at $16,885,000 after buying an additional 296 shares during the last quarter. Finally, Mirador Capital Partners LP boosted its position in Microsoft by 1.8% in the 1st quarter. Mirador Capital Partners LP now owns 31,753 shares of the software giant’s stock valued at $13,359,000 after buying an additional 569 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group decreased their price objective on Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Bank of America increased their target price on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. TD Cowen lowered their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Wedbush restated an “underperform” rating on shares of Microsoft in a report on Friday, October 18th. Finally, KeyCorp increased their target price on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

Insider Activity

In other news, CFO Amy Hood sold 38,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the sale, the chief financial officer now owns 496,369 shares in the company, valued at $203,784,292.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 190,629 shares of company stock valued at $77,916,485. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $422.54 on Friday. Microsoft Co. has a 52 week low of $360.36 and a 52 week high of $468.35. The stock has a fifty day moving average of $421.09 and a 200-day moving average of $424.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock has a market capitalization of $3.14 trillion, a P/E ratio of 34.86, a price-to-earnings-growth ratio of 2.23 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter in the prior year, the firm earned $2.99 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, sell-side analysts expect that Microsoft Co. will post 12.94 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.83 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.79%. Microsoft’s dividend payout ratio is presently 24.75%.

Microsoft announced that its Board of Directors has approved a stock repurchase program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.